Booking (NASDAQ:BKNG) Stock Rating Upgraded by Mizuho

Booking (NASDAQ:BKNG) was upgraded by research analysts at Mizuho from a “neutral” rating to an “outperform” rating in a research report issued on Wednesday, Marketbeat reports. The firm currently has a $6,000.00 target price on the business services provider’s stock. Mizuho’s price objective suggests a potential upside of 29.18% from the company’s current price.

Several other research firms also recently commented on BKNG. Deutsche Bank Aktiengesellschaft raised their price target on shares of Booking from $6,723.00 to $6,790.00 and gave the stock a “buy” rating in a research note on Tuesday, October 21st. Truist Financial set a $5,810.00 target price on shares of Booking in a research report on Wednesday, October 29th. DA Davidson boosted their price target on Booking from $6,500.00 to $6,600.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. BTIG Research reissued a “buy” rating and issued a $6,250.00 price objective on shares of Booking in a research note on Tuesday, December 23rd. Finally, Citigroup lowered Booking from an “outperform” rating to a “market perform” rating in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $6,199.69.

Booking Trading Down 9.3%

NASDAQ:BKNG opened at $4,644.64 on Wednesday. The company has a market cap of $149.70 billion, a price-to-earnings ratio of 30.19, a price-to-earnings-growth ratio of 1.10 and a beta of 1.21. Booking has a twelve month low of $4,096.23 and a twelve month high of $5,839.41. The stock has a fifty day simple moving average of $5,227.35 and a 200-day simple moving average of $5,301.92.

Insiders Place Their Bets

In other Booking news, Director Vanessa Ames Wittman sold 15 shares of the stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $5,191.15, for a total transaction of $77,867.25. Following the sale, the director owned 687 shares of the company’s stock, valued at approximately $3,566,320.05. This trade represents a 2.14% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Glenn D. Fogel sold 953 shares of the business’s stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $5,181.34, for a total value of $4,937,817.02. Following the completion of the transaction, the chief executive officer directly owned 19,615 shares of the company’s stock, valued at approximately $101,631,984.10. The trade was a 4.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 3,364 shares of company stock worth $17,394,538 over the last 90 days. Company insiders own 0.16% of the company’s stock.

Institutional Trading of Booking

A number of institutional investors have recently modified their holdings of the company. KERR FINANCIAL PLANNING Corp purchased a new stake in Booking during the third quarter valued at approximately $26,000. Halbert Hargrove Global Advisors LLC increased its position in shares of Booking by 150.0% during the third quarter. Halbert Hargrove Global Advisors LLC now owns 5 shares of the business services provider’s stock worth $27,000 after purchasing an additional 3 shares in the last quarter. Guerra Advisors Inc acquired a new position in shares of Booking during the third quarter worth $27,000. Daytona Street Capital LLC purchased a new stake in shares of Booking during the 4th quarter valued at $27,000. Finally, Legacy Bridge LLC acquired a new stake in shares of Booking in the 4th quarter worth $27,000. 92.42% of the stock is currently owned by institutional investors.

Booking Company Profile

Booking Holdings Inc is a global online travel company that operates a portfolio of consumer brands and technology platforms that facilitate the search for and booking of travel services. The company’s businesses focus on accommodations, transportation and related travel services through consumer-facing websites and apps as well as partner distribution channels. Booking Holdings was originally founded as Priceline in the late 1990s and adopted the Booking Holdings name in 2018; it is headquartered in Norwalk, Connecticut.

Its core offerings include online reservations for hotels, vacation rentals and other lodging; flight and car rental search and booking; and ancillary services that support travel planning and on-property experiences.